
EUR/USD fell back toward 1.1220 on Thursday as the US Dollar recovered from a post-election sell-off. Lower US jobless claims and hawkish Fed comments supported the Greenback, with markets pricing in a possible December rate hike.
A firmer dollar and rising US rate expectations weigh on dollar-denominated commodity prices and can support import demand for dollar-priced feed inputs to become cheaper for non-US buyers only if the dollar weakens; here it adds pressure on buyers outside the US.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.